Tuesday, December 29, 2015

Breakfast in Beverly

It might be tough to get down:

"The US attorney’s office in Boston on Monday charged the owners of Nick’s Famous Roast Beef in Beverly with failing to report up to $6 million in income on their tax returns, avoiding $1 million in taxes. Nicholas Koudanis, 65, of Topsfield, Nicholas Markos, 69, of Lynn, and Eleni Koudanis, 60, were charged with one count of conspiracy to defraud the United States by obstructing the Internal Revenue Service and 10 counts of aiding and assisting in the filing of false tax returns. Steven Koudanis, 39, the son of Nicholas Koudanis, was charged with one count of endeavoring to obstruct the IRS. According to the indictment, the owners, who accept only cash payments at their restaurant, failed to report receipts of more than $1 million each year from 2008 to 2013, which allegedly allowed them to evade nearly $1 million in taxes. The US attorney’s office said the owners split up the cash receipts each week and determined how much to put in the bank and how much to report, and then destroyed the original receipts. The indictment said Nicholas Koudanis and his wife, Eleni, amassed more than $1.6 million in cash in a safe in their home as of December 2014."

Should have waited to post this for lunch.

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